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20121205
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Search Results 0 to 30 of about 31 (some duplicates have been removed)
CNN
Dec 9, 2012 2:00pm PST
're going to be talking a lot more about the fiscal cliff in the coming hour. three cnn i-reporters are going to be joining me to talk about their real concerns about this and we got some answers from our business expert from questions that were sent by you that you tweeted to us. that's going to be coming up in about 15 minutes. >>> bail was set for dallas cowboys josh brent, he's been charged with intoxication manslaughter for a crash on saturday that killed his teammate. police say brent was pulling jerry brown out of the car when they arrived. dallas coach jason garrett talked about his players just a few minutes ago. >> obviously this is a very difficult situation, a tragedy occurred to our football team. in the last couple of days. and we lost jerry brown, practiced roster player for us who we picked up earlier in the year. and it's been really emotion for everybody and as the head coach of the team, i have to talk to the team and i have to inform them what happened, give them the news and then try to offer some perspective. you know, i talked a lot got the value of
FOX News
Dec 6, 2012 10:00pm PST
for him. if he goes off to hawaii and spends three weeks there, and no deal happens and the fiscal cliff hits and we've got the largest tax increase in history and the markets plummet and he's sitting over there splashing in the surf, i don't think he can do it. >> i wonder what other nations think about us? this is, you know, is it a terrible problem we are going through right now, but we look like we can't handle our own business. we can't talk to each other, we can't figure out our own economics, and i can't think what kind of morale authority do we have in the world when we look so pathetic, so pathetic in terms of how we handle things and the fact that we don't? >> the problem with the american people is today they are -- greta, they are as deeply divided and polarized as we have almost ever been. look what boehner is could go right now in making a deal. he's violates his fundamental principles. he's violatings a commitment he made to the american people. he's doing something that he thinks will hurt the american economy, $800 million of tax on job creators, he's splitting his party
CNN
Dec 10, 2012 6:00am PST
a deal on the fiscal cliff or else automatic spending cuts and tax hikes will kick in and with the fiscal cliff looming, our consumers feeling at all concerned? christine romans joins us now from new york with that. good morning, christine. >> good morning, ted. first, let me tell you what's going right in the economy for consumers. there's a whole host of things. the job markets, 7.7% unemployment, the lowest in four years. you've got the housing market showing signs of recovery. rising home values in much of the country. gas prices, did you notice? they're down 46 cents over the past couple of months. they're expected to keep going lower and the dow is up 20 points now. the dow is above 1,300 and the s&p 500 is up 12% this year. so, what could go wrong? fiscal cliff. this is something weighing op consumer sentiment and we're starting to see it in the weekly -- look at this -- 39% said it would affect it some. they don't seem to have much faith in congress to fix it and any time except 11th hour and maybe a week into the new year and there's this payroll tax holiday that most people have
MSNBC
Dec 11, 2012 11:00am PST
have another developing story with the ongoing negotiations of the fiscal cliff. despite spine signs of a deal in sight, house speaker boehner accused the president of holding back when it comes to spending cuts. >> the longer white house slow walk this is process, the closer our economy gets to the fiscal cliff. we know that the president wants more stimulus spending and increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's making it worse. >> let me bring in our "news nation" political panel this hour. chris cafinus, michael smerkonish and louies romanis. what are we to make of speaker boehner coming out today, not sure of the overall message other than he wanted to have, i guess, a sound bite to play today as we continue to talk and the president is off at least negotiating behind the scenes on the fiscal cliff. >> i think you called it, tamron. look, the rhetoric is scaled back dramatically in the last few days. they're talking and seriously evidenced by the fact we're not learning that much. they're keeping it pretty close to the ve
FOX Business
Dec 7, 2012 1:00pm EST
out of balance. a large piece of the fiscal cliff is $94 billion in automatic government spending cuts over the next year. part of a trillion dollars in federal cuts over the next decade though even with these cuts the federal government is still projected to spend more each year over the next decade. to put this in perspective, one former cbo director says the costs of hurricane sandy could easily wipe out most of next year's savings. >> with a trillion dollar deficit right now. so if you cut 94 billion and nothing else changes you barely dented the deficit. the other programs are growing. we'll not see spending decline. in fact we'll likely have a emergency spending bill for sandy that is 60 billion. 94 is gone right there. >> even with a trillion dollars in cuts federal spending is on the way up every year starting with 3.5 trillion this fiscal year. nearly 3.6 trillion in 2014. 4 trillion by 2016 and 5 trillion by 2021. the cbo says even allowing 5 trillion in tax increases to hit the economy the next decade the federal government still spends $2.3 trillion more than it takes in. b
FOX Business
Dec 11, 2012 10:00pm EST
be with us. next hero night, speaker boehner and their presidential trade fiscal cliff proposals and phone calls. the a-team sorting it out next, the a-team sorting it out next, and the ♪ music kids will spend 15 minutes watching online videos brushing for two minutes now, can save your child from severe tooth pain later. two minutes twice a day. they have the time. lou: general electric ceo jeffrey immelt said that -- is good for china, here he is on bloomberg tv. >> but, their government works. you know they get things done, they have 5 year plans, i tell our team, read the 12-5 year plan, the segment we're in what they are doing makes since in the chinese context. lou: remind you, immelt is president of the president's job council. new governmt data suggests that a massive exodus from high tax state of california. california lost 100,000 more residents than it gained last year, more going to more business-friendly. business-friendly, states like texas. and california public employees have highest salaries in the 12 most populous state, earning on average $60,000 a year. >> major victo
FOX News
Dec 12, 2012 8:00am PST
the president to come up with a plan for spending cuts and tax revenue to avoid the so-called fiscal cliff we're talking so much b. otherwise we know there will be automatic tax hikes. there are also the spending cuts that kick in starting in january. the pentagon will bear the brunt of the automatic spending cuts. some republicans say mandatory cuts are better than no cuts at all and we should put defense spending on the chopping block to accomplish the long-term goal of reducing the deficit. joining me now oklahoma congressman james langford, his second term in congress. what do you think about that, some suggesting this is in a political article that the republicans are foresee questions tracing if that is the only way to cut the debt and deficit. >> the challenge of it is this is really part sue of the debt ceiling debate we had last summer. we wanted a strategic plan to reduce the spending. the house passed that in may. we had an outlined plan to reduce spending. we had no answer from them. the see questions station wa sequestration was the last report. i haven't been in congress a longt
MSNBC
Dec 11, 2012 9:00am PST
week republicans made a serious offer to avert the fiscal cliff, and most of it was based on testimony given last year by president clinton's former chief of staff erskine bolles. as he said on sunday, we have to cut spending. well, he is right. washington has a spending problem. let's be honest, we're broke, and the plan that we've offered is consistent with the president's call for a balanced approach. a lot of people know that the president and i met on sunday. it was a nice meeting. cordal. we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. you know, where are the president's spending cuts? the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. here's what we do know. we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. that's not physicianing our problem. frankly, it's making it worse. on top of that, the president wants to raise tax rates on many s
CNN
Dec 11, 2012 2:00am PST
in the fiscal cliff crisis. it's getting quiet on capitol hill. 21 days remain before the tax hikes and spending cuts kick in, and congress breaks for the holiday, at least they are scheduled to, on friday. this is what you need to know. the president on the road pitching his tax plan to workers at a truck plant in michigan. house speaker boehner were conducting behind the scenes talks with the white house. and the posturing and finger pointing in washington suddenly stopped. we have more from washington. the sounds of silence may be the sounds of progress? >> potentially. we hope so. we don't really know. we're forced to read the tea leaves essentially, john, because neither side is giving details about the substance of discussions. let me read a statement from john boehner's press secretary. "discussions with the white house are taking place, but we have no detail to share about the substance of those conversations. the republican offer made last week remains the republican offer and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balance
FOX News
Dec 11, 2012 8:00am PST
to the fiscal cliff. here's what we do know. we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. that's not fixing our problem, frankly, it's making it worse. and on top of that, the president wants to raise tax rates on many small business owners. now, even if we did exactly what the president wants, we would see red ink for as far as the eye can see. that's not fixing our problem either, it's making it worse, and it's hurting our economy. i think the members know i'm an optimist. i'm hopeful that we can reach an agreement. this is a serious issue, and and there's a lot at stake. the american people sent us here to work together towards the best possible solution, and that means cutting spending. now, if the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. was right now -- because right now the american people have to be scratching their heads and wondering when is the president going to get serious. rick: so that, of course, the spea
FOX News
Dec 8, 2012 3:00am PST
spending. they said, quote: this is going to be a tough fight in the congress given the fiscal cliff. some members have not been friendly to disaster relief. but the care with which the package has been put together has given us a good head start. although that head start not good enough for at least one republican member of congress frank says governor christie made a responsible request federal aid based on careful comprehensive analysis of new jersey's needs having seen the devastation firsthand in my district during his visit. i'm disappointed president obama has come to a different conclusion. we should not short change nor add strings to the support residence, businesses and communities in my district and across the region desperately need and at least 125 people were killed by super storm sandy. right now the u.s. government saying sandy is on track to be the second or third costliest natural disaster ever behind hurricane katrina and close to hurricane andrew in 1992. clayton? >> peter doocy live from d.c. >> now for your headlines might be the biggest arrest related to that terror
FOX News
Dec 10, 2012 3:00am PST
through the federal government for eight days. then you got another kind of fiscal cliff looming. do you believe that behind closed doors yesterday that the president actually seriously talked about spending cuts? >> i think he is serious about that. i think everyone knows they have to have spending cuts to go along with whatever is going to a. we should make the kind of deal and the kind of comprehensive deal that is going to get our credit rating back. we're not rated credit wise. they're talk being lowering it again. we should make a deal that will almost immediately get back our credit rating that. should almost be the standard. they know what that standard is down to the penny. that's the kind of a deal we should make. we should get our great credit rating back again. >> brian: just real quick, 'cause tonight talk about what china is don't, but rich lowry says the president wants gop humiliation and that's what's haul behind the 35 to 39% for the upper tax rate. do you see that? >> i'm not sure if it's for that purpose and maybe he believe it is and did he win an election, so you ha
FOX News
Dec 10, 2012 6:00am EST
on the fiscal cliff cuts billions in defense spending. colonel oliver north says that will lead to disaster. he is here next. and tony hawk is here to show us a few new tricks, including one for all those parents out there whose kids will think are cool. i don't know if i'd do it in the rain, but he can. he's a prompt but olympic gabby douglas is here. a huge show! i think shaq in the house, too. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >> gretchen: 23 minutes after the top of the hour. james holmes expected to appear in court today. this will be the first time we look at him since he was taken to the hospital for a head injury last month after reportedly trying to kill himself. holmes accused of
FOX Business
Dec 11, 2012 7:00pm EST
is designed to go over the fiscal cliff, and pin the blame on the republicans, i understand why the president is doing it for political reasons but i don't think that the republicans have to surrender themselves in this game of chicken. lou: it seems the ultimatum, raise taxes on top 2%, why not let him eat to, it is his decision, go for it, if you don't want a mature, and intelligence, and responsible negotiation, you do not know who you are dealing with, it is called a constitutional body of government. >> it is john's right, this is politics, hard and fast, 1995 all over again, stakes are high and and president wants house back, pin the blame on the republicans make them look like right wing lunatics and grab the chips, they are in a no-win position. lou: we'll be back, marianne has to weigh in and a bunch more as we continue with the a team stay with us. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exc
CNN
Dec 11, 2012 11:00am PST
spending would slow. this is the so-called fiscal cliff. now, it is clear what higher taxes would do. but what about budget cuts? who would that affect? a lot of folks including several million unemployed workers. watch this story with me from cnn's kyung lah. >> reporter: she doesn't call it a fiscal cliff. what she could be facing at year's end is a financial free fall. >> i don't know. i just wish i wasn't in this situation, but it is what it is. and i can just do what i can. >> reporter: she lost her job as a new home sales manager last january. on an old laptop, with a broken cord, she applies for job after job, keeping track in a packed notebook. >> seven, eight, nine. >> reporter: averaging 15 applications a day. at age 54, this is the first time she's been on unemployment. she emptied out her 401(k), her savings and now the last resort, the emergency federal jobless program has kept her in her town home, giving her $450 a week. but on december 29th, unless congress and the white house act, the money stops. >> we're not trying to live off the system. we're trying to survive. i
MSNBC
Dec 12, 2012 8:00am PST
slow walks the process, the closer our economy gets to the fiscal cliff. >> if there is one fact that should not be in dispute, it ought to be this. the president, unlike any other party to these negotiations, has put forward detailed spending cuts as well as detailed revenue proposals. >> ari, the president saying he's willing to make the tough decisions on the spending cuts if the republicans acquiesce on tax hikes. meanwhile, republicans say i need to see the spending cuts first, show me yours first, before i give you anything on the tax hike. it's this game of who's going to blink first. but it really doesn't benefit john boehner to continue this, as we see the public opinion and his brand is really taking a hit on this. >> i think so. we've seen this movie before. there's a lot of enthusiasm for vague cuts but when you have to actually decide what gets cut, even republicans blanch. the bloomberg poll out today shows 50% of republicans think that it's time to raise the taxes on the top 2% because the president has a mandate. that's just republicans. the majorities get even hi
MSNBC
Dec 12, 2012 6:00am PST
our economy gets to the fiscal cliff. >> that slow walk comment specifically was in response to that counteroffer. here's what the white house press secretary responded to boehner. >> it's not a mystery. we have seen this before. this is the document that contains the specific spending cuts. the speaker of the house sent us a proposal that was two pages long. >> yesterday afternoon after all of that back and forth, republicans delivered a formal counteroffer. it was virtually identical to the proposal the president rejected a week ago, but with more detail. the congressional liaison met with boehner's top aide and last night he called boehner himself all to make sure they didn't start trashing each other's proposal. the white house is on the cautiously optimistic side. the house republicans are on the cautiously pessimistic side. they will get a deal and boehner's strong statement on the house floor was for effect for his own problem. they didn't want to make major concessions or counteroffers until boehner admits publicly that the tax rates are going up. this is a little bit
FOX News
Dec 11, 2012 3:00am PST
of the -- it is not just the post but companies are pushing dividends forward saying let's get in front of the fiscal cliff thing it is interesting that the post is one of them. >> they spent the year agitating for barack obama and arguing that the rest of the us ought to pay taxs and spending money trying to avoid doing that. it is not just the post but also individuals. we sent a camera with the patriotic millionaires. rich people who are up there lobbying for higher taxes on the wealthy and we said look, you have an opportunity to right now donate to the federal treasury and not one of them took us up on it. of course not. these are people who campaigned for barack obama and on behalfful higher taxs and spend millions every year avoiding taxos attorneys and tax accountants. >> eric: steve read a story about google putting millions in bermuda . then tack i this one. jim sevenegal, this man spoke in the dnc. they did the same thing. they declared themselves a dividend in 2012 so they avoid the potential higher taxes was 2013. y >> if there is a clearrer definition of hypochrissy i am not aware of it. it i
Current
Dec 12, 2012 3:00am PST
the importance of not going over the fiscal cliff and the importance of having a balance of new revenue and new spending cuts. jay carney with a briefing at 12:30. >> this is "the bill press show." [ music ] >> what do you say in good morning, everybody. fellow americans, it's good to see you today. thank you for joining us, and welcome to the "full-court press" here on current tv. your progressive morning show. the only progressive morning show anywhere on cable television. good to have you with us this morning as we discuss the big issues of the day, and, of course take your calls. always welcome at 866-55-press. and let's look. let's do the countdown. there are 12 shopping days until christmas 19 days until we go over the fiscal cliff but according to the mayan calendar only nine days until the end of the world. so if the mayans are right we don't have to worry about all of the rest of it. what if they are wrong? uh-oh. watch out. we will be up to date and first the latest, the day's current news update from waslisa ferguson as always joining us from our stu
FOX Business
Dec 7, 2012 4:00pm EST
: rich edson, thank you very much, rich. lauren: with all the uncertainty surrounding fiscal cliff should you invest differently right now? david: one economist says investors have to look beyond the fiscal crisis. we have senior economist at oppenheimer fund joins us now. more than that, what you say you've got the perfect split. -p60/40, 60 being equities and 40 being dot, dot, dot, something else. how do you devise, some people are gold bugs say it is all gold. cash bugs, say you have to be flexible, keep it in cash. how do you divide the 40% not in equities? >> first of all we took a step back and looked how investors allocated portfolio. there is generally 60/40 split between stocks and bonds but 60% predominantly in domestic ex-quits and 40% in high grade economic instruments. david: none is in the cash. >> cash, government relate the ed securities. if you look at 40%, that might have made sense 30 years ago when yields on treasurys were siinificantly higher and inflation was falling for a 30-year time period. if you look at it yields are paltry. what do you need to do? we talk abou
MSNBC
Dec 12, 2012 1:00pm PST
go over this fiscal cliff we're hurting the job market. it's fascinating to see how they change messages day by day. another example is the increase in the medicare eligibility age. this is a big thing on their wish list. this does not save money. this raises the cost of health care if you look economywide. there's not a good policy reason to do this. but it becomes a trophy. a substantiveless trophy. >> right. okay. julian, boehner's office is denying that they asked for permanent tax cuts for the rich saying any talk of making any rates permanent is moot because part of their offer is doing comprehensive tax reform next year. are you buying that? >> no. i think it's important right now to step back and understand the stage craft that the losing side in these debates always has to go through. i went through two of these negotiations very intimately when i was a staff government reform committee in '91. it's slow walking. when one side realizes they've lost debate but not able to go to their caucus and tell them they lost. in boehner's case because he's a weak speaker at the mom
MSNBC
Dec 11, 2012 12:00pm PST
and the longer the white house slow walk this is process, the closer our economy gets to the fiscal cliff. the american people have to be scratching their heads and wondering, when is the president going to get serious? >> if there's one fact that should not be in dispute it ought to be this. the president unlike any other party to these negotiations has put forward detailed spending cuts as well as detailed revenue proposals. it is a simple fact. >> i was hoping for actual video of the grinch. to help sort things out today, we have joan walsh, editor at large of salon and did many, many things in her career and besides being steve's own boss. we are obligated to say that every single time she is on. congratulations for hiring steve. i think we have covered that. good job, joan. >> my finest moment, clearly. >> absolutely. look, there's an idea being batted around about raising the medicare age from 65 to 67. you write a lot about in it your piece today on salon.com. a lot of people exasperated at this idea. why are you against it? >> it's a terrible idea because it saves some money but i
CNN
Dec 11, 2012 1:00pm PST
, the closer our economy gets to the fiscal cliff. >> nobody should trust democrats to put a dime until real deficit reductions. >> reporter: to better understand the gop positioning, remember what any reduction deficit looks like drawn from two different pots of money. first, tax revenue. second, spending cuts likely to center on changes to entitlements like medicare. on revenues, republicans already conceded to tax increases for the wealthy. the big sticking point is what kind and how much. since that is angering many on the right who oppose any tax increases, republicans want democrats to take the heat for entitlement cuts by proposing them first so republicans don't face the wrath of seniors, too. remember this 2011 ad depicting paul ryan throwing granny off the cliff? the white house says it's republicans who haven't offered specifics and the president has. >> very specific spending cuts, including savings in entitlement programs. again, i -- it's not a mystery. we've seen this before. this is the document. >> reporter: that document is last year's white house recommendations to the sup
KRON
Dec 11, 2012 4:00am PST
. the investigation is still ongoing. >> an update on the fiscal cliff the federal reserve is expected and on buying plan that would soften the blow from tax increases and spending cuts that would go into effect in january if congress cannot reach a deal. the white house and republicans are not selling any outward signs of yielding. house speaker john bennett says he is waiting for the president to identify the spending cuts he is willing to make-that senator johntoday, authorities will. >> those with and it could rally in san francisco says no more tax cuts for the rich save medicare and medicaid and those benefits. the protesters say if congress does not reach a deal in the country goes over the cliff 98 percent of americans will pay $2,000 more in taxes. >> in terms of the tax increases on the wealthiest we obviously need more money revenues in the economy. they have had a wonderful break for the last 10 years in this time to share the sacrifice that the middle class and the working people have been doing for all this time. >> a controversy is unfolding at a north bay school district concerning t
CBS
Dec 11, 2012 7:00am PST
the fiscal cliff and with just 21 days left until the deadline, a new gallup poll shows most americans want congress to compromise on spending and tax cuts. 70% say republicans and democratic leaders should make a deal now, up eight points since last week. major garrett is at the white house covering the fiscal talks. good morning. >> reporter: good morning and good morning to our viewers out west. one thing has been agreed upon in the fiscal cliff talks, not to discuss the details. many look at this bipartisan silence and see an encouraging sign but white house and congressional sources tell me that while the atmosphere around these talks is positive between the president and speaker john boehner, when it gets to the underlying details, progress is maddeningly slow. president obama telephoned senate majority leader harry reid monday while rob nabors huddled for a second day in a row aide to speaker john boehner. no discernible progress toward breaking the fiscal cliff stalemate. mr. obama left that drama behind and told supporters in suburban detroit the fiscal cliff is serious business. >
MSNBC
Dec 12, 2012 3:00am PST
like fiscal cliff, it's got to be exciting. jim? >> the president's asking for $1.6 trillion in revenue. >> $600 billion in tax hikes. >> entitlement reform. >> dividends and capital gains. >> discretionary spending. [ cheers and applause ] >> i'm up. what happened? is it over? [ bleep ] >>> good morning. it's wednesday, december 12th. look at that shot of new york city. >> wow. >> it's dark at 6:00 on the east coast. welcome to "morning joe." with us on set here in new york city, we have msnbc contributor, mike barnicle. >> in my ear, mika. >> no, he was at the white house. >> i don't understand. where's t.j.? >> he's off today. >> why's that? >> he was busy. he went to the white house. >> that's great. you know, alex went to the white house, too. >> and drove back himself. >> let me get this straight. so alex goes to the white house last night. >> mm-hmm. >> because, you know, right-wing bloggers, we actually -- that's how we get our talking points. they go down -- valerie and david axelrod together make a big pot roast for us. >> mm-hmm. >> and lots of gravy. and we sit around eating
Search Results 0 to 30 of about 31 (some duplicates have been removed)